Cooper Briefs on Worrior Divestment

Cooper Energy has been advised that GBX has not raised the capital necessary to conclude the purchase.

In light of the above, Cooper Energy has issued a notice of termination in relation to the Share Sale Agreement under which GBX was to purchase all of the shares in Worrior (PPL 207) Pty Ltd. Cooper Energy will therefore retain full beneficial ownership of the following assets:

  • 30% of the Worrior Oil Field
  • 25% of PEL90
  • 30% of PEL93